Special Collateral definition
Examples of Special Collateral in a sentence
ICG hereby warrants to ▇▇▇▇▇▇▇ ▇▇▇▇▇ that this notice is lawful and authorized by the Security Agreement (Special Collateral Account) among ICG, ICG Holdings, ICLP and the Administrative Agent.
The Borrower hereby grants the Lender a security interest in the Special Collateral Account and in all amounts now or hereafter in the Special Collateral Account to secure payment of all obligations now or hereafter owing by the Borrower to the Lender.
After the receipt of such Notice of Special Default, all Senior Preferential Payments other than those payments received pursuant to subsection (b) of this Section 5.11 shall be deposited into the Special Collateral Account.
Following the occurrence of an Event of Default, amounts in the Special Collateral Account may be applied by the Lender at any time or from time to time to the obligations now or hereafter owing by the Borrower to the Lender in such order of application as the Lender shall determine in its sole discretion.
PNC Bank, National Association warrants to ▇▇▇▇▇▇▇ ▇▇▇▇▇ that this Notice of Exclusive Control is lawful and authorized by the Security Agreement (Special Collateral Account) among Internet Capital Group, Inc., ICG Holdings, Inc., 1999 Internet Capital L.P. and PNC Bank, National Association, as Administrative Agent.